| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The NZD/CHF exchange rate continued to trade downwards. As apparent on the chart, the rate failed to surpass the monthly S3 at 0.5562.
Currently, the currency pair is testing the resistance level formed by the monthly S2 at 0.5778. Given that the pair is supported by the 55-, 100– and 200-hour SMAs near 0.5700, it is likely that some upside potential could prevail in the market, and the pair could re-test the psychological level at 0.6300.
However, if the given resistance level holds, it is likely that a reversal south could occur, and the New Zealand Dollar could continue to depreciate against the Swiss Franc.